Today's Top Videos: iPod, Boone Pickens & More...
Lehman's shares plunge as much as 43 percent of its value while Steve Jobs introduces a new line of colorful and extra-thin Apple iPods. Following are today's top videos:
Lehman Shares Down
“I’m definitely a buyer than a seller of this stock. I think the stock is coming down at the rate that it’s coming down because a number of people believe strongly that the company is headed for bankruptcy. That belief is driving the short selling and the selling of the longs in the stock.”
—Richard Bove, Analyst, Landenburg Thalmann
Boone Pickens Talks Energy
“I don’t agree with OPEC’s statements from today[about cutting production]. If OPEC wants to support the price, they may announce it or they may just ease back on their production. But they’ll balance the markets—and so if the price goes below $100, then it won’t go much above $100. And you’ve got to have some demand response to the lower price—and so as the demand comes back up, price will follow.”
—Boone Pickens, Chairman, BP Capital
Greenspan's "Age of Turbulence"
“I’ve argued at length that it is essential to remove the ambiguity with respect to the potential full-faith and credit of the United States government being behind Fannie and Freddie debentures. That ambiguity has created major problems within the two institutions and the only thing that I could see which would clarify it is something quite similar to what Secretary Paulson did over the weekend.”
—Alan Greenspan, Former Federal Reserve Chairman
Jobs on Apple
“It was very clear to us that customers preferred the vertical-form factor of [Apple] iPods. In the third generation design, we went to a square-ish design so that we could fit a very high-resolution screen. And we managed to do both in this new iPod. It’s also the thinnest iPod we’ve ever made. So I think they’re going to be very popular. We’re offering twice the amount of memory for the same amount of money.”
—Steve Jobs, CEO, Apple